The round follows the opening of a new R&D center in Singapore. In a press release, Greenwave says it plans to use the money to continue expanding globally and consider strategic investments of its own.

While focused on network services and connected infrastructure — with partners that include Verizon, DirectTV, and several energy suppliers — Greenwave is also targeting smart-home applications and single users. For instance, the company worked with Verizon on its FiOS Quantum Gateway, a home Wi-Fi router. And it pitches its Axon platform, which includes embedded software as well as cloud services, as a “horizontal” solution that can support home monitoring, connected lighting, energy management, and other consumer use cases.